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Which of the following is not correct with respect to accrual accounting? a. Reported accrual accounting net income for a period portrays a measure of

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Which of the following is not correct with respect to accrual accounting? a. Reported accrual accounting net income for a period portrays a measure of economic performance. b. The principles that govem revenue and expense recognition under accrual accounting are designed to Alleviate the mismatching problems that exist under cash-basis accounting c. Accrual accounting can produce large discrepancies between the firm's reported profit performance and the amount of cash generated from operations. d. Accrual accounting does not decouple measured earnings from operating cash inflows and outflows

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